This was contained in a statement jointly signed by Sotonye Iyoyo, the acting Executive Secretary of the Petroleum Products Pricing Regulatory Agency; Obafemi Olawore, the Executive Secretary of Major Oil Marketers Association of Nigeria; and Olufemi Adewole, the Executive Secretary of Depot and Petroleum Products Marketers Association
Browsing: Fuel pump
According to Nze, the pump price reduction is necessary following the dwindling price of crude oil at the international market
A statement from the Directorate of Media and Publicity of the APC presidential campaign said it was disturbing that in spite of the fall in the global price of crude oil, Nigerians still buy petroleum products at pump prices as if the global price of crude oil had remained at $100 per barrel
Some respondents told the News Agency of Nigeria that it was international best practice for the pump price to come down when the oil price crashed